Securities Litigation Case Comment: Binance Holdings Limited V. Ontario Securities Commission

Issue: Pursuant to a summons issued under p 13 of the Securities Act, can a securities regulator compel a respondent in an investigation to: (a) produce all documents or communications between parties, without any limitations; and (b) provide answers to questions?

Key facts: p 13 of the Securities Act provides:

13 (1) A person making an investigation or examination under p 11 or 12 has the same power to summon and enforce the attendance of any person and to compel him or her to testify on oath or otherwise, and to summon and compel any person or company to produce documents and other things, as is vested in the Superior Court of Justice for the trial of civil actions, and the refusal of a person to attend or to answer questions or of a person or company to produce such documents or other things as are in his, her or its custody or possession makes the person or company liable to be committed for contempt by the Superior Court of Justice as if in breach of an